Merchant banker regulations permit circulars to clarify applicability and interpretation and remove operational difficulties. Regulation 45 authorises the Board to remove difficulties by issuing clarifications or guidelines as circulars to address the applicability and ... Summary
Merchant banker regulations permit circulars to clarify applicability and interpretation and remove operational difficulties.
Regulation 45 authorises the Board to remove difficulties by issuing clarifications or guidelines as circulars to address the applicability and interpretation of the Merchant Bankers Regulations, enabling the regulator to resolve ambiguities and promote uniform application of the regulatory framework.
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